Deliveries High, Starts Low During First Quarter
Apr 03, 2008
CoStar has up a comprehensive round-up on the state of shopping center development. The company found that 25 million square feet of new centers came online during the quarter--about the same as last year. It's a tiny bit alarming that a wave of...
Macy's CEO Takes a Pay Cut
Apr 03, 2008
Macy's CEO Terry Lundgren took a $2.5 million cut in his cash payout in 2007, having collected no bonus in a year when profit and sales both declined. But he did get a bump in salary and almost $700,000 in additional stock incentives for a total...
Blackstone's Big Fund
Apr 02, 2008
Well, somebody sees some opportunity to invest in commercial real estate. Blackstone's raised a whopping $10.9 billion to invest--it's biggest fund yet. ...
Centro Clears a Hurdle
Apr 01, 2008
Centro Properties Group, the Australian property trust seeking to refinance A$4.9 billion ($4.5 billion) of debt, had its biggest three-day gain since January in Sydney trading after a unit was released from a $450 million bond guarantee. Centro...
FT Says Private Equity Was "Clumsy Trick"
Apr 01, 2008
The retail industry was a major target of private equity buyouts. Those deals came to an abrupt halt with the onset of the...
Turning a Real Mall into a Fake Mall
Apr 01, 2008
Simon Property Group's Burlington Mall is the filming site for the upcoming Adam Sandler/Kevin James Mall Cop movie (not to be...
Tesco Targeting Russia Too
Apr 01, 2008
Not content to focus on its U.S. roll-out, Tesco's now looking at Russia, according to CB Richard Ellis, X5 Retail Group and MF...
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